NEW YORK CITY-The proceeds have been used to retire the firm's 1998 $185-credit facility and will be used to finance acquisitions and invest in off-balance-sheet investment funds. Borrowings on the new facility now total $134 million plus letters of credit worth $12.6 million.
NEW YORK CITY-The center will be used by Wyeth-Ayerst Pharmaceuticals as its corporate headquarters until 2003. After that, $270 million will be spent to renovate and upgrade the facility.
NEW YORK CITY-Residential prices are edging down and sales are falling sharply, says the Federal Reserve Bank report. The office sublet market has a lot of space available, but business is good in Long Island City.
NEW YORK CITY-Residential prices are edging down and sales are falling sharply, says the Federal Reserve Bank report. The office sublet market has a lot of space available, but business is good in Long Island City.
NEW YORK CITY-Insignia/ESG reports that in April the available supply was up 0.5% here while space returned to market yielded negative net absorption. Midtown, Downtown and Midtown South asking rents were $60.78 per sf, $44.32 per sf and $47.10 per sf, respectively.
NEW YORK CITY-Insignia/ESG reports that in April the available supply was up 0.5% here while space returned to market yielded negative net absorption. Midtown, Downtown and Midtown South asking rents were $60.78 per sf, $44.32 per sf and $47.10 per sf, respectively.
NEW YORK CITY-The company plans to buy up about 10% of its public float in the belief that its share price doesn't reflect the value of its underlying assets and growth potential.
NEW YORK CITY-Brisbane made a good showing and has bright prospects for the rest of 2001, but overall the eight cities surveyed by Andersen turned in a 2% decline in RevPAR. Suburban Sydney's was down 19%.
NEW YORK CITY-TrizecHahn is raising the money through an offering of commercial mortgage pass-through certificates. The proceeds will be used to retire debt.
